Plains All American and Enterprise Products announced an Eagle Ford crude oil pipeline joint venture this past weekend. The deal provides that the two companies will consolidate portions of previously announced projects. Between the two companies, they have long-term commitments of 210,000 barrels per day.
The joint venture will include 140 miles of crude oil and condensate pipeline that will extend from Gardendale in La Salle County to Three Rivers in Live Oak County, then continuing on to Corpus Christi and an Enterperise Station in Wilson County. The pipeline is planned for potential capacity of 350,000 b/d.
In Corpus Christi, the pipeline will tie into a marine terminal with storage capacity of 1.8 million barrels. In Wilson County, the pipeline will tie into Enterprise's Eagle Ford crude oil system that continues on to Sealy, TX.
Read more from the Plains' press release at paalp.com